There have been reports of significantly underestimated insurance payouts being offered.
The ballpark figures below are a guide to provide a rough estimate of costs. These numbers are a range of current market costs, for new construction only, taken from the experience of professionals in the field.
Please keep in mind that the Los Angeles area was already experiencing high demand for construction labor and materials, and the additional reconstruction required due to fire damage will likely drive these costs even higher.
Construction Costs:
Flat Site, Average Finishes: $450 - $550/sf
Flat Site, Above Average and Luxury Finishes: $700 and above /sf
Sloped Site, Average Finishes: $750 - $800/sf
Sloped Site, Above Average and Luxury Finishes: $900 and above /sf
*Note, these numbers do not include the following:
Design fees
Engineering fees
City construction fees
Equipment and Furnishings (example: fridge, stove, tables, chairs…)
For more accurate estimates, we recommend consulting a design professional who can assist you in creating a detailed budget.